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Shiba Inu AI Partner Bad Idea Shares its Chatbot Coverage

Lele Jima
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Shiba Inu AI Partner Bad Idea Shares its Chatbot Coverage

Bad Idea (BAD), Shiba Inu artificial intelligence partner, has taken to X to provide an update about its AI chatbot developed for the SHIB army.

According to an announcement yesterday, the BAD/SHIB AI chatbot has debuted on the Shiba Inu official global channel and 28 SHIB-related ecosystem rooms on Telegram.

Bad Idea Expands Its Chatbot Coverage

Notably, the total number of users across these Shiba Inu-related Telegram channels was around 105,000 at the time of the post. Overall, the AI chatbot has now been deployed across 250 Telegram channels with nearly 250,000 users.

The thing to note is that the chatbot is also found in the Telegram rooms of Shibarium-based projects. For instance, the Bad Idea chatbot is in Telegram group of MARSWAP and ChewySwap.

The deployment of the AI chatbot across multiple Shiba Inu-related channels would play a pivotal role in boosting the experience of SHIB holders.

Members of the Telegram channels where the chatbot has been deployed can leverage it to study market trends and get help on supported projects.

SHIB AI Chatbot Launches

The chatbot first debuted on Shibarium Tech’s Telegram channel in October 2023. During its launch, the bot noted that it was designed to help Shibarium projects by giving them access to its data, regardless of whether they have limited technical resources.

In addition, the Shiba Inu ecosystem team announced plans to use the chatbot to examine upcoming Shibarium projects before being deployed on the mainnet version of the Layer-2 network.

So far, Bad Idea has taken significant steps to enhance the performance of the AI chatbot. In January, Bad Idea rolled out version 4.2 of the chatbot with exciting updates, including improved accuracy of knowledge matching and custom modes.

Additionally, Bad Idea announced free listings in the chatbot training model, specifically for Shibarium projects.

The rationale behind the move was to enable the AI chatbot to understand better the technical and general aspects of all Shibarium projects approved under the program.

Armed with this knowledge, the bot can be integrated into the project communities on Telegram and offer valuable answers to users’ inquiries.

Notably, the SHIB AI chatbot was launched as part of Bad Idea and Shiba Inu’s partnership in July 2023.

Since the collaboration, the Shiba Inu community has played pivotal roles in ensuring that Bad Idea AI secures a security audit from CertiK, listing across various crypto exchanges, and a branded hardware wallet from Tangem.

Gate-io Exchange To Award Prizes for XRP Price Predictions

Abdulkarim Abdulwahab
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Gate-io Exchange To Award Prizes for XRP Price Predictions

Prominent crypto exchange Gate.io has launched a price prediction competition for XRP, calling expert chartists to forecast the asset’s price movement.

In a recent post on X, Gate.io called on experts in crypto technical analysis, urging them to answer the compelling question of where XRP’s price is headed. The exchange noted that participants in the XRP value prediction competition can win up to 1 Ethereum token valued at over $3,709.

Participating in the XRP Price Guesses Contest

Notably, the XRP price guessing campaign from Gate.io is a weekly contest dubbed “TATuesday.” In this week’s campaign, Gate.io plans to award ten participants, five winners from the technical analysis side and the other five from those who accurately predict XRP’s price by a specific date.

Specifically, in this ongoing round, Gate.io users are to suggest XRP’s exact price with four decimal places by March 19 at 4:00 UTC. On the other hand, technical analysts are to share charts and commentary around the XRP/USDT pair.

The rules for participation include signing up with Gate.io, following their X/Twitter account, and liking and retweeting the contest post. Participants are to submit their entries via the comment section of the contest post.

Furthermore, Gate.io emphasized that only one XRP price guess is valid per comment. Yet, participants can comment with as many price guesses as they choose. Notably, the XRP price guessing campaign commenced on Tuesday, March 12, and will end next Tuesday, March 19, at 04:00 UTC.

Gate.io has promised to award one winner in the technical analysis section 1 ETH worth $3,709. The exchange will also select up to four runner-ups, with prices ranging from $10 to $100 in crypto tokens.

Meanwhile, the winner of the price guessing section gets 0.5 ETH worth $1,854, while four runner-ups get between $5 and $50 in crypto. Successful participants can expect the rewards in their Gate.io exchange wallets within seven working days after the contest’s conclusion.

However, Gate.io stressed that users must execute transactions worth $50 in spot or derivates markets within a week to qualify for the reward.

Circle Discusses Prospect of Bringing USDC to XRP Ledger

Sam Wisdom Raphael
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Circle Discusses Prospect of Bringing USDC to XRP Ledger

Circle, the blockchain payments firm behind the USDC stablecoin, has responded to inquiries regarding the possibility of bringing USDC to the XRP Ledger (XRPL).

The XRP Ledger remains one of the most robust blockchain infrastructures, boasting low transaction fees and ample security that have attracted multiple projects. As of last November, the XRPL was home to over 1,500 projects looking to leverage these attractive features.

USDC Yet to Natively Support XRPL

However, despite the XRPL’s position as one of the oldest and most secure networks, the issuers of the two largest stablecoins, Tether and Circle, have not explored the possibility of bringing their respective stablecoin projects to the network.

Notably, Tether has extended native support for USDT to multiple blockchains over the years. USDT is available on Ethereum, Tron, Solana, Algorand, Tezos and several other networks. Similarly, USDC supports multiple chains, including Avalanche, Ethereum, Algorand, and Stellar.

Proponents have begun to ask questions about both stablecoin projects shying away from the XRPL. One such individual is Panos Mekras, a crypto author and builder on the XRP Ledger. Mekras, who founded the XRPL-based protocol Anodos, emailed Circle to get insights into why USDC is not yet on the XRPL.

One possible reason some proponents spotlighted in the past was the lack of a Clawback feature, which would give stablecoin issuers the power to “clawback” assets at the request of law enforcement or at their discretion in the event of illegal activity. 

Interestingly, the XRP Ledger recently passed an amendment to this effect, essentially implementing the Clawback feature on the network. However, no developments have suggested the imminent arrival of USDT or USDC.

Circle’s Response

Mekras emphasized in his email that the introduction of USDC and EURC on the XRP Ledger would be beneficial to his project, Anodos. In response, Circle acknowledged its readiness to extend support for USDC and EURC on more blockchains.

However, the firm noted that there is no information on plans for bringing both stablecoins to the XRP Ledger. They stressed that conversations surrounding the potential support for XRPL could be had with Ripple Labs.

The XRP community was taken aback by the reference to Ripple, as the blockchain payment company is regarded as one of the many contributors to the XRPL ecosystem and does not hold exclusive ownership of the network.

Mekras suggested that some of these companies see Ripple as the go-to firm for discussions on the XRP Ledger. However, he stressed that Ripple is not necessarily needed, as the XRPL is decentralized and independent of the payment firm.

USDC Support on XRPL Beneficial for Circle

Meanwhile, Block Digital co-founder Santiago Velez asserted that Circle’s reluctance to bring its stablecoins to the XRPL could be due to the firm’s competition with Ripple in the blockchain payments scene. Mekras argued against this claim.

According to him, Ripple is only one builder on the XRPL, so this should not be a problem. The same is true for the Stellar network, but USDC is already domiciled there. He stressed that Circle bringing USDC to the XRPL would be mutually beneficial to the company and the XRPL ecosystem.

He noted that such integration would help bolster USDC adoption for Circle. Further, Mekras stressed that the move could also facilitate exposure for the XRP Ledger, its native decentralized exchange (DEX), and the upcoming AMM. He also argued that native support would mitigate risks associated with using gateways to access USDC.

Pro-XRP Lawyer Supports His Campaign Against Senator Warren With $500K

Lele Jima
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Pro-XRP Lawyer Supports His Campaign Against Senator Warren With $500K

Prominent lawyer John Deaton has made a significant donation to support his Senate campaign against U.S. Senator for Massachusetts, Elizabeth Warren.

In a tweet yesterday, Attorney Deaton said he had donated $500,000 of his personal money to the cause. He expressed confidence in his ability to defeat the crypto-hostile senator in the November 2024 Senate election.

Deaton Seeks More Donation

However, Attorney Deaton urged his more than 324,000 followers on the X/Twitter platform to help him raise $1 million by March 31st. While the majority of his followers are crypto enthusiasts, the top lawyer disclosed that his supporters can donate both traditionally and through crypto.

“I told my daughters that before you ask other people to believe in you, you must believe in yourself. So I put $500,000 of my own money to start this campaign. If I could self-fund, trust me, I would because freedom is on the line. The truth is I can’t, and I need your help,” Deaton said in his recently released campaign video.

Deaton’s appeal for more funds comes less than two weeks after he announced that people could also support his senate campaign with crypto donations. So far, top crypto stakeholders have donated financially to support Deaton’s campaign.

Earlier this month, Cardano founder Charles Hoskinson revealed that he had donated the maximum amount of $3,300 permitted to Deaton’s campaign.

Deaton Confident on Replacing Senator Warren

A few hours before calling for more donations, Attorney Deaton released a new campaign video emphasizing that “freedom is on the line.”

Deaton said he decided to challenge Senator Warren because he was confident he could win. He added that Americans need nonpartisan leadership in Washington to represent common people’s interests.

Furthermore, he refuted claims that Warren could not be defeated in Massachusetts due to her popularity. Notably, Deaton highlighted some interesting stats that could help him unseat the anti-crypto politician who has been a senator for Massachusetts for over a decade.

Per Deaton, 64% of eligible voters in Massachusetts are neither Democrat nor Republican. He added that Senator Warren’s favorable rating is currently at 41%, as she has only passed one bill in 12 years.

“I’m not the only one who thinks I can win; Elizabeth Warren knows I can win because she can’t stop emailing almost every other day about me, naming and calling me a credible threat. She has asked other senators to email and name me the threat that I am,” Deaton remarked.

Since Attorney Deaton announced his candidacy in the upcoming U.S. senatorial election in February, several media outlets, including Fox Business, have described him as a major challenger that could threaten Warren’s re-election bid.

Dogwifhat (WIF) And PEPE Look To Create New Highs While Traction Grows On $RECQ Presale

Andrew MacGill
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Dogwifhat (WIF) And PEPE Look To Create New Highs While Traction Grows On $RECQ Presale
  • Market gurus are optimistic that Dogwifhat (WIF) can reach $4.12 in 2024.
  • Crypto analysts anticipate a 51% price increase for PEPE in 2024.
  • The excitement builds around Rebel Satoshi ($RBLZ) once again as its second token, $RECQ, enters the presale phase.

After rising impressively early into the year, Dogwifhat (WIF) and PEPE aim to maintain the momentum in the upcoming months. Meanwhile, Rebel Satoshi ($RBLZ) attracts investors as its second token, $RECQ, gains traction during the presale phase.

Let’s outline the future growth trajectory of WIF, PEPE, and $RECQ to pick the best crypto to invest in!

Market Gurus Believe WIF’s Price Can Reach $4.12 in 2024

Dogwifhat’s native token, WIF, has experienced significant growth since its launch in December 2023. Starting the year 2024 at $0.1528 per token, WIF showcased impressive performance, surging by 468% to reach $0.8684 by the end of February.

March saw further momentum for Dogwifhat, with the token reaching its all-time high (ATH) of $2.4755, marking a staggering 1520% increase from its year-start price.

The remarkable price surge in March was fueled by major cryptocurrency exchanges, including Robinhood, Binance, and Bluebit, announcing the listing of WIF on their platforms. This increased accessibility to WIF for traders and investors contributed to the token’s upward trajectory. However, is WIF the best crypto to buy now?

Analysts remain optimistic about the future of Dogwifhat and its native token, WIF. With growing adoption and the anticipation of an upcoming bull run in the cryptocurrency market, experts predict that WIF could reach $4.12 by the end of 2024.

However, in the event of bearish market sentiments, WIF is expected to maintain a price below $2.78 throughout 2024.

Analysts Forecast a 51% Price Surge for PEPE by the End of 2024

Since its launch in May 2023, PEPE has witnessed fluctuations in its price, initially reaching a value of $0.000004354 before experiencing a decline. However, in March 2024, PEPE surpassed its previous all-time high (ATH) and reached $0.000009885, marking a significant milestone for the token.

The remarkable price rally in March sparked enthusiasm among investors, driving further attention to PEPE. Notably, PEPE’s social community experienced substantial growth during this period, with its followers on CoinMarketCap nearly doubling in the last two months, reaching over 332 thousand.

This surge in social engagement reflects the growing interest and support for PEPE within the cryptocurrency community.

Experts anticipate continued growth for PEPE, fueled by its increasing popularity and the anticipation of an upcoming bull run in the cryptocurrency market. Analysts predict that PEPE could experience a further increase of 51% and reach $0.000015 by the end of 2024.

However, if bearish sentiments take over the market, PEPE’s price is expected to remain below $0.000011 throughout 2024.

$RECQ Gains Traction in Its Presale With 525% Growth Predictions

As the crypto market watches Dogwifhat and PEPE aim for new highs, a significant surge in interest is unfolding around Rebel Satoshi’s new token: $RECQ. This new token is drawing attention from investors and enthusiasts alike, indicating a promising horizon for Rebel Satoshi among proliferating new ICOs.

Rebel Satoshi is a visionary project that introduces a two-token ecosystem to change the crypto market dynamics. With its foundational token, $RBLZ, Rebel Satoshi has already demonstrated significant market potential, and now, with $RECQ, it aims to further its mission.

Rebel Satoshi’s first token, $RBLZ, had an exceptional journey, starting at $0.01 and witnessing a staggering 150% price growth by the end of its presale. The overwhelming support led to a sold-out presale, with successful launches on Uniswap and Coinstore at $0.025.

After $RBLZ’s success, Rebel Satoshi has launched the presale of $RECQ, its second token poised for daily utility within the ecosystem. Priced at $0.002 during the Early Bird Round, $RECQ is projected to achieve a remarkable 525% growth by its launch to reach $0.0125.

Now that $RBLZ is already available on Uniswap, the focus has shifted to $RECQ, which is anticipated to be the next best ICO.

For the latest updates and more information, be sure to visit the official Rebel Satoshi Website or contact Rebel Red via Telegram

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Here’s How Much Shiba Inu You Need to Make $15M, $25M or $50M if SHIB Hits $0.0006, $0.006 and $0.06

Sam Wisdom Raphael
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Here’s How Much Shiba Inu You Need to Make $15M, $25M or $50M if SHIB Hits $0.0006, $0.006 and $0.06

As Shiba Inu (SHIB) breaches the $0.00003 zone amid the latest spike, here’s how much you need to hold to sit on $15M, $25M or $50M if the asset hits lofty price targets such as $0.0006, $0.006 and $0.06.

Investor confidence in Shiba Inu has seen a major uptick amid the cryptocurrency’s recent price surge which placed it atop the gainers list for an elongated period. Notably, SHIB surged past $0.00003, briefly hitting a 22-month high of $0.000045 before seeing a stern roadblock.

Despite the mild correction, Shiba Inu has vehemently held above the $0.00003 zone, looking to reclaim and retain $0.00004. Amid the uptrend, several investors have continued to speculate how much they need to rake in millions if SHIB hits higher levels such as $0.0006, $0.006, or $0.06.

How Much Needed to Make $15M, $25M, and $50M if Shiba Inu Hits $0.0006

Should SHIB surge from its current position to hit a $0.0006 price, an investment of 25,000,000,000 (25 billion) SHIB tokens would be worth $15 million. These 25 billion tokens currently go for $838,750 at Shiba Inu’s current price of $0.00003355.

In addition, at a price of $0.0006, an investment with $25 million worth of Shiba Inu would hold 41,666,666,666 (41.66 billion) SHIB tokens. The 41.66 billion tokens are currently worth $1,397,916 against prevailing rates. 

Meanwhile, for an investment to reach the ultimate $50 million mark when Shiba Inu hits a $0.0006 price, such an investment would need to hold up to 83,333,333,333 (83.33 billion) tokens, currently valued at $2.795 million at Shiba Inu’s trading price.

How Much Needed to Make $15M, $25M, and $50M if Shiba Inu Hits $0.006

While the $0.0006 price in itself would require a massive surge, some investors believe Shiba Inu’s potential transcends this level, with $0.006 as a possible target. If SHIB reaches $0.006, about 2,500,000,000 (2.5 billion) tokens would be worth $15 million.

Notably, the 2.5 billion tokens are currently priced at $83,875. Moreover, to sit on a $25 million investment if Shiba Inu hits $0.006, an investor would need to hold 4,166,666,666 (4.166 billion) SHIB tokens. The investor can procure these tokens today with $139,791.

Nonetheless, investors looking for a more substantial ROI, such as a $50 million investment, would need to commit more capital. To hit the $50 million threshold when Shiba Inu clinches $0.006, the individual must hold 8,333,333,333 (8.33 billion) tokens, currently worth $279,583.

How Much Needed to Make $15M, $25M, and $50M if Shiba Inu Hits $0.06

The chances of Shiba Inu reaching a lofty price like $0.06 are quite low, but this has not stopped some proponents from holding discussions around the target. If the $0.06 price ever materializes, an investor holding 250,000,000 (250 million) SHIB would rake in $15 million.

Interestingly, the 250 million SHIB currently goes for $8,387. Meanwhile, for a $25 million investment, market participants must hold 416,666,666 (416.66 million) Shiba Inu tokens when SHIB reaches the $0.06 target. These tokens are currently worth $13,979.

Ultimately, if an investor seeks to secure $50 million at a SHIB price of $0.06, they would need to hold 833,333,333 (833.3 million) tokens, currently valued at $27,958. Nonetheless, while these price targets have the potential to deliver massive returns, there is no guarantee that SHIB can hit any of them.

Despite Recent Dip, Bitcoin is an Asset to Hold for Decades, Not Days: CryptoCom CEO

Abdulkarim Abdulwahab
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Despite Recent Dip, Bitcoin is an Asset to Hold for Decades, Not Days: CryptoCom CEO

The CEO of Crypto.com, Kris Marszalek, has emphasized the long-term perspective of holding Bitcoin (BTC) amid the market’s bearish volatility. 

In the last 24 hours, Bitcoin has significantly corrected some of the gains amassed over the past weeks of steady uptrend. 

According to CoinMarketCap statistics, BTC recently registered a 24-hour peak of $72,504. However, the asset has tanked by more than 10.47% to reach a low of $65,630 today.

Bitcoin’s price collapse has had far-reaching implications for the broader crypto market, with Ethereum, XRP, and Cardano similarly recording significant downturns.

Meanwhile, Crypto.com CEO Kris Marszalek believes the bearish market trend should be less of a worry to investors. Marszalek expressed this sentiment recently on CNBC’s Squawk Box.

Bitcoin Dip Is Removing Excessive Leverage

Marszalek was first asked to comment on Bitcoin’s recent bullish run, which saw it reach an all-time high two days ago.

The CNBC correspondent particularly sought clarification on whether this surge was primarily due to supply-demand dynamics, the emergence of the ETF market, or potential actions by the U.S. Federal Reserve.

Marszalek expressed that inflows from Bitcoin ETFs primarily propelled the surge in Bitcoin. Highlighting their considerable success, he noted the ETFs brought a supply-side challenge that ultimately reflected on Bitcoin’s price.

Meanwhile, Marszalek observes the current bearish sentiment as a constructive correction. He sees it as a healthy move to eliminate excessive leverage in the system and prevent abrupt and aggressive price spikes. 

He stressed the importance of a steady influx of investments into the industry rather than sudden price pumps.

When questioned about whether ETFs or retail investors are responsible for the significant downturn, Crypto.com’s CEO believes neither group is primarily to blame. 

Instead, he pointed to historical data suggesting that Options Market activities largely influence the dip. Additionally, he underscored that Bitcoin’s recent decline exhibits relatively low volatility compared to past cycles.

Bitcoin an Asset To Hold for Decades

Furthermore, Marszalek noted the likelihood of a gradual increase when pressed on how much further Bitcoin might decline. He suggested that sudden and drastic movements will become less frequent as the market expands and liquidity grows. 

Moreover, he reiterated the notion that Bitcoin is an asset meant for long-term holding rather than an investment to hold for weeks, suggesting temporary fluctuations are immaterial. 

“This is an asset that you want to hold for decades, not for days or weeks,” the Crypto.com CEO submitted.

Bitcoin Drops to $66K: Key Support and Resistance to Watch Now

Mark Brennan
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Bitcoin Drops to $66K: Key Support and Resistance to Watch Now

Following Bitcoin’s recent slump to the $66,000 territory, new support and resistance levels have emerged.

Since breaking its 2021 all-time high of $68,900 earlier this month, Bitcoin’s price has ventured into previously untouched territory. The cryptocurrency’s price soared as high as $73,600 before dropping to $66,000 in the past 24 hours.

The volatile price action has charted new support and resistance levels that investors must watch out for. This is especially crucial for traders looking to capitalize on such volatility in the short term.

Using on-chain data, prominent analyst Ali Martinez identified the ranges between $64,750 and $66,700 as crucial support levels for BTC.

The support exists because 381,660 addresses acquired 275,000 BTC at this price range. With those bitcoins valued at over $18 billion, strong selling pressure from bearish traders will be required to push BTC below that price level.

At the same time, a break below that level will diminish the current bullish sentiment that still overrides the market. However, the analyst notes that bears will not have an easy ride as another significant support level exists.

The data further reveals that between $60,760 and $62,790, an estimated 797,500 Bitcoin addresses acquired 298,000 BTC (20 billion).

A more significant selling pressure will be required to send BTC below that price range, which the analyst defines as a “significant demand zone.”

Resistance Levels to Watch

Following Bitcoin’s most recent decline, bullish investors have managed to stabilize prices, sending BTC back above $68,000 at the time of writing. 

The analysis shows that 533,300 Bitcoin addresses holding 433,000 BTC (approximately $29.5 billion) will become profitable between $70,180 and $71,340. Hence, such holders may exert selling pressure to constrain Bitcoin’s climb back to high price levels.

Meanwhile, bullish investors must remain hopeful that the market reverses the recent 80% drop into the Bitcoin ETFs for an uptrend to continue.

An improved inflow into the ETFs in the week ahead will provide more firepower to overcome the newly set resistance levels and pave the way for the most bullish Bitcoin predictions in 2024.

Over $820M Liquidated Across Bitcoin, Shiba Inu, and XRP as Markets Fall Sharply

Mark Brennan
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Over $820M Liquidated Across Bitcoin, Shiba Inu, and XRP as Markets Fall Sharply

A significant drawdown in the crypto market over the past 24 hours has led to hundreds of millions of dollars worth of losses for traders.

The global crypto market shed 6% of its value in the past 24 hours as investors took profit across the board following an extended rally. Bitcoin’s price dropped as low as $66,000 today, with most coins within the top ten seeing losses between 6 to 13%.

Amid the huge downward volatility, the biggest losers evidently were traders who held long positions on Bitcoin and other crypto assets. According to data tracker Coinglass, around $813 million has been liquidated across the crypto market in the past 24 hours.

More than 75% of that value came from long traders who lost $663 million as Bitcoin fell to its lowest value in over a week. Conversely, late shorts who hoped for Bitcoin to drop further lost $156 million within the same timeline.

The most significant liquidation took place on the popular crypto exchange OKX. A single trader suffered a $13.3 million dollar liquidation after failing to add sufficient margin to their order as Bitcoin slipped.

Meanwhile, BTC’s decline spilled over to the altcoin market, with XRP, Cardano, Shiba Inu, and Dogecoin among the biggest losers in the top ten. Evidently, traders who held long positions on these altcoins saw significant capital losses.

Coinglass shows over $11 million in liquidations from XRP traders, with nearly $10 million attributed to long traders. Cardano, Shiba Inu, and Dogecoin saw long-position liquidations of $5.6 million, $3.9 million, and $16 million, respectively.

Crypto Market Attempts Fightback

Following liquidations across the board, it is noteworthy that market sentiment remains generally bullish. This is indicated by the pace at which investors have tried to buy in at different support levels as the market hit its most recent lows.

For instance, since dropping as low as $66,000, Bitcoin has made a rebound to nearly $68,000 at the time of writing. Many altcoins have also seen a progressive bounce from their lowest level in the past 24 hours.

Bitcoin ETFs Record 80% Drop in Net Inflows as BTC Crashes Below $70,000

Sam Wisdom Raphael
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Bitcoin ETFs Record 80% Drop in Net Inflows as BTC Crashes Below $70,000

Spot Bitcoin ETFs have recorded a massive 80% collapse in net inflows over the past day, coinciding with the recent crash in Bitcoin’s price below $70,000.

Despite the drop in inflows, these investment products recorded a ninth consecutive day of daily net positive flows on March 14, largely buoyed by the impressive capital garnered by the BlackRock iShares Bitcoin Trust (IBIT).

Data from BitMEX Research shows that all ten Bitcoin ETFs saw a cumulative inflow of $132.5 million yesterday. While this result sustained its positive streak for nine days, it represents a massive collapse from previous figures. 

For context, the $132.5 million inflow marked an 80.6% decline from the $683.7 million capital flow the market recorded on March 13. The latest figure also represents a massive 87% slump from the all-time high daily net inflow of $1.045 billion witnessed on March 12.

Significantly, these capital flows have continued to drop since the $1.045 billion peak, but the market has sustained the inflows, indicating that the demand for these products, and by extension, Bitcoin, has not recorded a slump drastic enough to flip the switch.

BlackRock Leads with $345M

BlackRock’s IBIT contributed the most to yesterday’s positive flow, as the product witnessed $345.4 million inflows, towering over the nine other investment vehicles by a large margin. IBIT’s capital flow overshadowed the $257.1 million outflows from the Grayscale Bitcoin Trust (GBTC).

The VanEck Bitcoin Trust ETF (HODL) saw the second-largest inflow, pegged at $13.8 million. VanEck’s HODL saw an uptick in capital flows after it introduced its fee waiver. The Fidelity Wise Origin Bitcoin Fund (FBTC) also contributed yesterday with $13.7 million in inflows.

Following the latest round of capital flows, the spot Bitcoin ETFs have now recorded a cumulative all-time inflow of $11.97 billion since they started trading on Jan. 11. Trade volume has also seen an uptick, hitting a cumulative $65 billion as of yesterday.

Meanwhile, the latest result in capital flows comes amid a recent correction Bitcoin price has witnessed. After collapsing 2.30% yesterday, the asset has now dropped 4.12% today, breaking below the $70,000 and $69,000 territories to trade at $68,584.

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